Industry News
China retail sales of passenger NEVs in Nov at 598,000, CPCA data show
At retail, NEVs reached a record 36.3 percent penetration rate in November.
Faraday Future to source LiDARs from Nio supplier Innovusion
Faraday Future has selected Nio supplier Innovusion's Falcon LiDAR to power the FF 91's autonomous driving system.
VW Anhui sees first pre-production vehicle roll off line
The model could be the first electric SUV from VW's Spanish sports brand Cupra -- the Tavascan -- and is expected to go into production in the second half of 2023.
Chinese EV startup Niutron to refund all consumers in major setback to its car-making efforts
Niutron's first model, the Niutron NV, went on sale only on October 8 and had received 24,376 orders.
VW to export China-made EVs to Europe
VW's Spanish sports brand Cupra will produce its first electric SUV, the Tavascan, at its Anhui plant, with the model set to enter the European market in 2024.
WM Motor plans backdoor listing in HK to solve financial woes, report says
WM Motor plans a backdoor listing through a reverse takeover of Apollo Future Mobility Group, which is already listed in Hong Kong, according to local media.
China's Nov wholesale sales of passenger NEVs hit record 732,000, CPCA estimates show
Demand in China's NEV market has held steady amid high international oil prices, the CPCA said.
VW suffers complaints in China due to on-board system failures in ID series EVs
Many owners have complained about the blackout of the onboard screens, frequent loss of network connectivity, and various fault codes randomly appearing in VW's ID series electric cars.
Evergrande NEV reportedly halts mass production of its only model due to lack of orders
Evergrande NEV has suspended mass production of its sole model, the Hengchi 5, due to a lack of sufficient new orders, according to Reuters.
Evergrande's EV brand Hengchi begins layoffs and salary cuts to cope with financial difficulties
Hengchi's previous staffing structure was based on the company's need to develop nine models simultaneously, according to local media.